1. KAPUSKASING PHOSPHATE OPERATIONS Porcupine Northeastern Ontario
May 24, 2012
Porcupine Northeastern Ontario
Mines Safety Groups
Mario Vottero
Good Morning and Welcome:
This is my first opportunity to address our shareholders at the AGM. I thank you for the trust you have given me in running this great company of yours.
- Presentation today is focused on 2003/1st Quarter 2004 developments for financials. In addition I will close with a quick snap shot on our future outlook and key drivers of Supply Demand.

2. March 2012 Safety Milestone
PNOMSG, May 24, 2012
March 2012 Safety Milestone
Discuss KPO’s Safety Milestone
Rough Start for 2012
KPO’s Hazard Recognition Program
Workplace Hazard Assessment Tool (WHAT)
Job Task Observation
Actions going forward

3. Important Milestone At KPO
PNOMSG, May 24, 2012
Important Milestone At KPO
During the Month of March 2012 KPO Site achieved;
Zero Minor injuries
Zero First Aid
Zero Non Lost Time Work Case
Zero Restricted Work Case
Zero Lost Time Injuries
As a site (employees and contractors) we never experienced this before.
Was it luck?
Is a zero harm workplace achievable?
Did our actions make a difference?

4. PNOMSG, May 24, 2012
Rough Start for 2012
Q1 TRI Frequency

5. PNOMSG, May 24, 2012
Rough start for 2012
Recordable injuries occurred in the Mill & Mine, all were contractor injuries. Majority of injuries were contractors coming to site to do maintenance in our mill.
4 Non Lost Time Work Case
2 Restricted Work Case = 31 days combined
Challenges
Less experienced workforce
Hazard identification
Inadequate supervision coverage; proper application of job safety plans.

6. Actions: Importance of Hazard Reporting
PNOMSG, May 24, 2012
Actions:
Importance of Hazard Reporting
Hazards are reported and acted upon. We experience an increase in hazard reporting;

7. Actions: Importance of Job Task Observations and Hazard Assessment
PNOMSG, May 24, 2012
Actions:
Importance of Job Task Observations and Hazard Assessment
Focus on Contractors, brought in additional observers from Conda Phosphate Operations, Idaho, over a two week period.

8. Hazard Recognition Program
PNOMSG, May 24, 2012
Hazard Recognition Program
Workplace Hazard Assessment Tool (WHAT)

9. Hazard Recognition Program
PNOMSG, May 24, 2012
Hazard Recognition Program
Job Task observation

10. Actions to Improve: Actions to improve Job Task Observations
PNOMSG, May 24, 2012
Actions to Improve:
Actions to improve
Job Task Observations
Employee participation in the JTO Program
Focus on new employees and contractors
WHAT cards;
Validation of hazard assessment by second worker
Supervisors to ensure the WHAT is understood
Implement a Contractor Safety Rep program at KPO
Increased EHS coverage during shutdown
Educate & empower workers to stop higher risk work
Review of past incidents in the role for new employees

11. PNOMSG, May 24, 2012
In Closing
March 2012 is one month in the 13 years of Kapuskasing Phosphate Operations. There will be no way to know for certainty what caused our zero harm month.
What was outstanding for March 2012?
Supervision coverage was enhanced,
Actively reviewed workplace hazard assessments by Increasing Job Task Observations, and
Workers watching out for each others well being.
In my view it was not luck, it was a combined effort that made it happen.

12. PNOMSG, May 24, 2012
Questions ?